Built for a customer of Turkish brokerage house YachtMarine, M/Y Serenitas II, was launched from the Mengi Yay facility in Istanbul on 6th May. The 31.7m superyacht is the second unit from the Serenitas range, first introduced to the market in 2010. The project was developed with designer and engineer Jaron Ginton for the exterior, while the interior of the project has been created by Guido de Groot.
Mengi Yay has been building superyachts for 26 years in total, however a clear majority – 76 per cent – of the shipyard’s fleet has been delivered in the last 10 years. There are plans to further develop the Mengi Yay brand in the future, as Mengi Yay CEO Hüseyin Mengi explains: “In the next five years we would like to develop a semi-custom line, as well as workboats under the Mengi Yay name.”
“Our aim is to build yachts with larger dimensions than we currently do, but this also depends on the requests we receive,” continues Mengi, suggesting that there is a desire to move up the size ranges and extend the Mengi Yay range. The average LOA of yachts delivered in Turkey in the last five years (2013-2017) is 42.5m, 6.7 per cent larger than the Americas and 5.1 per cent larger than Italy. The average LOA of the Mengi Yay fleet delivered in the last five years, including Serenitas II, is 35.2m, which is 17.2 per cent lower than the country average.
In light of the current geopolitical instability in Turkey, Mengi explains that the repercussions are yet to manifest themselves in the Mengi Yay buying demographics. “There has been no change yet, but buyers are thinking about the huge usage expenses of their yachts,” explains Mengi, who explains that the core geographical ownership demographic of Mengi Yay yachts is extensive, including owners from the Middle East, Europe, America, Israel, Russia, Ukraine and Turkey.
In the coming weeks, the shipyard will announce further series designs of 36m, 42m and 48m, with the signatures of world famous designers.